The graph shows an ascending wedge, formed by a support and a rupture line, in the pattern it is shown that each line is touch at lest three times, thus forming two lines with positive slopes and with the same address and sense.

Weekly and Daily RSI are oversold, daily resistance breached today for a positive first soldier possibly. Stop limit entry set at 18 has not been triggered yet, once position is open a stop loss at 17.45 will be set. Looking for strength in a bottom bounce confirmed with another positive day tomorrow and ideally the next. Second stop limit set at 18.50 if Three ...

Metrics:
Probability of Profit: 38%
Max Profit: $140/contract
Max Loss: $60 contract
Break Even: 18.60
Notes: With the underlying at all-time lows, going for a small directional shot. Going out to April to attempt to take advantage of potential seasonality. Fills look to be pesky, with the bid/ask on this setup at .55/.65 (mid .60) ... . I would also note ...